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Report: Dynamo and Dash being sold to new ownership for nearly $400 million

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Mark Berman of Fox 26 in Houston is reporting that businessman Ted Segal has agreed to buy the Dynamo and Dash.

MLS: Sporting Kansas City at Houston Dynamo Troy Taormina-USA TODAY Sports

Mark Berman of KRIV Fox 26 in Houston is reporting that Houston Dynamo FC and Houston Dash or on the verge of being sold to new ownership.

While the club is not commenting, if Berman is reporting on something involving Houston sports the likelihood of it happening is about 99%. There is not a lot of information about Ted Segal out there but he is the founder and president of EJS Group.

Sportico is reporting that the sale is for nearly $400 million.

Dynamo and Dash fans have been waiting for this day for quite some time. Could new ownership mean an opening of the pocket books to improve the club from the players to the facilities to the academy? Time will tell. Let us know what you think of a potential new owner in the comments.